Bioentrepreneurship in Agricultural Biotechnology

Bioentrepreneurship in Agricultural Biotechnology

Avni Jain, Neha Singh, Sonu Kumari, Suphiya Khan
Copyright: © 2021 |Pages: 18
DOI: 10.4018/978-1-7998-7411-9.ch011
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Abstract

The agricultural biotechnology sector shares a common scientific foundation with the therapeutic biotechnology sector, including similar characteristics of a lengthy time to market for emerging products. But the challenges, goals, and opportunities for agricultural applications of biotechnology provide a very different context for innovation and entrepreneurs. Innovation means something novel, which can be a process or a way of doing something novel. Biotechnology entrepreneurship is summing all integrated activities that can create, develop, and finally, commercialize a biotechnology product. These sectors offer new business opportunities that, like agricultural biotechnology trait creation, enable entrepreneurs to think about creating disruptive businesses, not just disruptive technologies for today's business models. In this chapter, the authors conclude the unique aspects of entrepreneurship in the industry of biotechnology in contract with other industries and also discuss the importance of biotechnology entrepreneurs in agriculture.
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Modern Agricultural Biotechnology Products For Entrepreneurship

Globally, agricultural biotechnology has capacity to advance crop productivity, improve food security and production enhancement. Based on the studies of DNA, several scientific techniques are used for crop and livestock improvement in agricultural biotechnology which is otherwise not possible with only conventional breeding. An another feature of agricultural biotechnology implies modern molecular plant breeding techniques like marker-assisted selection (MAS) and use of recombinant DNA. However, recombinant DNA technology results in new traits unlike molecular plant breeding and cannot be achieved through conventional breeding.

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